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in order to engage washington and the national media is you should apply it to the fiscal cliff. and i thought to myself at the reagan library what better place to go back to first principles. and since i've written now three novels on george washington, what better pattern than to weave these two giants, ronald reagan after whom the soviet empire disappeared, and george washington after whom we became a country. and ask yourselves what are the lessons of history? i don't study history because it's an interesting habit, i study history to better understand the present and the future so that i can be engaged in making history by being an intelligent, informed perp. that's what citizenship ought to be. and so what are some of the lessons? now, let me start with the fiscal cliff. and i'd ask a simple, obvious question. this is a very sophisticated group. how many of you have heard the term "fiscal cliff"? [laughter] okay. now, i want to say something which in washington will be seen at heretical and as gingrich once again going off and doing things that make no sense like the contract wit
is you should apply it to the fiscal cliff. i thought to myself, at the reagan library, what better place to go back to pirs principles. and since i have written three novel on george washington. what better part earn than to wave the two giants ronald reagan after whom the soviet empire desired and george washington after whom we became a country. what are the lessons of history. i don't study it because it's an interesting habit. i study to better understand the present and future engage in making history by intelligent and informed citizens. what are some of the lessons? let me start with the fiscal cliff. sky an obviously question. how many of you heard the term fiscal cliff? [laughter] i want to say something in washington which will be seen as her receipt call and gingrich going off and making no sense. the contract of america, the balanced budget, welfare reform. i participated my career, reagan's economics defeat of the society yef empire. i'm proud of the number of things i participated in that made no sense in washington. by thomas wolf. this goes book i think to the '60s when h
-- and hunger. host: good morning. as the deadline looms over the fiscal cliff, the attention is shifting to the other end of pennsylvania avenue. the lines of communication remain open. it is friday, december 28. the senate is in session today. stock futures are down in anticipation of what will happen next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dyn
negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were go
looking at the bigger picture. host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's go
as the country moves forward with the budget and fiscal cliff negotiations and there are payoffs down the road for expenses today. host: caroline ratcliffe, the urban institute, and alisha coleman-jensen of the u.s. department of agriculture, social science analyst. thank you for being with us. withwe have coverage on a websie about the fiscal cliff. we will learn later today as the principles gather at the white house for a meeting that will get underway at 3:00 p.m.. the president, vice president, john boehner, nancy pelosi, and harry reid and mitch mcconnell and if there are any statements after that meeting, and if the president has anything to say, we will have coverage of that on c-span and on c-span radio and always on c-span.org. thank you for joining us and enjoy the rest of your weekend. we'll be back tomorrow at 7:00 a.m. eastern time. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> in live look at the executive mansion where negotiations on the looming fiscal cliff move down pennsylvania avenue to the white house t
Search Results 0 to 5 of about 6